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Consolidated Statements of Income - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net sales $ 764,049,000 $ 885,052,000 $ 1,502,894,000 $ 1,717,116,000
Cost of goods sold 530,690,000 559,138,000 1,027,517,000 1,107,716,000
Gross profit 233,359,000 325,914,000 475,377,000 609,400,000
Selling, general and administrative expenses 106,949,000 126,715,000 208,826,000 240,070,000
Research and development expenses 14,210,000 13,462,000 30,307,000 28,439,000
Operating profit 112,200,000 185,737,000 236,244,000 340,891,000
Interest and financing expenses (17,852,000) (11,601,000) (34,737,000) (24,187,000)
Other (expenses) income, net (6,273,000) (7,065,000) 2,041,000 4,226,000
Income before income taxes and equity in net income of unconsolidated investments 88,075,000 167,071,000 203,548,000 320,930,000
Income tax expense 15,431,000 30,411,000 33,873,000 67,925,000
Income before equity in net income of unconsolidated investments 72,644,000 136,660,000 169,675,000 253,005,000
Equity in net income of unconsolidated investments (net of tax) 31,114,000 38,310,000 57,718,000 73,491,000
Net income 103,758,000 174,970,000 227,393,000 326,496,000
Net income attributable to noncontrolling interests (18,134,000) (20,772,000) (34,565,000) (38,729,000)
Net income attributable to Albemarle Corporation $ 85,624,000 $ 154,198,000 $ 192,828,000 $ 287,767,000
Basic earnings per share (in dollars per share) $ 0.81 $ 1.46 $ 1.81 $ 2.72
Diluted earnings per share (in dollars per share) $ 0.80 $ 1.45 $ 1.81 $ 2.71
Weighted-average common shares outstanding - basic (in shares) 106,329 105,961 106,278 105,880
Weighted-average common shares outstanding - diluted (in shares) 106,535 106,316 106,524 106,336